Canadian seniors doing less downsizing
Canadian seniors are largely staying in their long‑time family homes rather than downsizing into smaller units, which experts say is reducing available housing supply for first‑time buyers. Despite a common assumption that retirees might want to cash in their home equity, experts call that notion a myth. Many seniors prioritize aging in place, and are […]
Canadian seniors looking at downsizing their homes as costs rise
Downsizing is an important consideration for Canadian seniors as they enter retirement or experience lifestyle changes. Moving to a smaller, more manageable home can provide numerous benefits, from financial savings to improved quality of life. While many seniors may feel attached to their family home, downsizing can offer significant advantages that make it an appealing […]
Canadian seniors not downsizing due to lack of options
As the population of seniors in Canada continues to grow, many experts have anticipated that an increasing number of older adults would choose to downsize their homes, moving into smaller, more manageable residences. However, the reality is that many seniors are not downsizing, and a significant factor behind this trend is the lack of suitable […]
